Housing Development Corp of Dekalb

EIN: 581820981 501(c)(3)

Decatur, GA

Total Revenue
$6,019,721
Total Expenses
$5,925,885
Total Assets
$18,754,683
Net Assets
$11,471,391
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
GA
Principal Officer
Eugene P Walker Jr
Phone
4704408610
Tax Period
2023-01-01 to 2023-12-31

Housing Development Corp of Dekalb, founded in 1996, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

To provide affordable, decent, safe and sanitary dwellings, apartment or other living accommodations for persons of low and moderate income.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,093,738
Investment Income $60,278
Other Revenue $865,705
TOTAL REVENUE $6,019,721

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,959,118
Fundraising Expenses $0
Program Expenses $5,925,885
Other Expenses $1,966,767
TOTAL EXPENSES $5,925,885

Year-over-Year Comparison

2023 2022 Change
Revenue $6,019,721 $12,273,653 -0.5%
Expenses $5,925,885 $4,674,664 +0.3%
Net Income $93,836 $7,598,989 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$983,970
Total Directors
6
$535,671
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eugene P Walker Jr CEO 10.00
Officer Director
$204,916 $0 $204,916
John Corcoran President 40.00
Officer Director
$330,755 $0 $330,755
Dr Glenwood Rosstill 012023 Director 1.00
Director
$0 $0 $0
Dorothy Williams Chairperson 1.00
Director
$0 $0 $0
Dr Thomas Coleman Vice Chairperson 1.00
Director
$0 $0 $0
Willie Beatty Board Member 1.00
Director
$0 $0 $0
Maria Grizzell VP Asset Management/Secret 40.00
Officer
$222,120 $0 $222,120
Keri Taylor VP of Real Estate 40.00
Officer
$226,179 $0 $226,179
Jamie L Gallehue Property Management Director 40.00
Highest
$125,559 $0 $125,559
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $6,019,721 $5,925,885 $18,754,683 $93,836
2022 $12,273,653 $4,674,664 $19,067,515 $7,598,989
2021 $1,913,428 $3,493,295 $9,381,600 $-1,579,867
2020 $4,656,666 $4,301,723 $12,240,247 $354,943
2019 $2,439,475 $3,133,412 $16,870,557 $-693,937
2018 $2,468,308 $3,626,634 $15,923,036 $-1,158,326
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